World economic outlook april 2016 too slow for too long world economic and financial surveys. Oil prices have been volatile thanks to unexpected swings in the factors affecting oil prices. That is according to the shortterm energy outlook by the u. Food outlook 1 june 2016 world cereal production in 2016 is anticipated to fall slightly short of projected demand in 201617, which would bring global endofseason inventories in 2017 somewhat below their near record 2016 level. New york fed 4500 0 500 1500 2000 2500500 0 500 1500 2000 2500 3000 1q14 3q14 1q15 3q15 1q16 3q16 1q17 3q17 western europe united states china india total world 0% 5% 10% 15% 20% 25% 30% 35% ul ul ug ug p ep ct ct v ov demand supply residual brent. The outlook for production beyond 2016 is quite sensitive to the forecasts for oil futures prices and mining technology. Opec is committed to safeguarding the privacy of its website users. The world energy outlook 2016, released on 16 november, sheds light on all of these questions and more, all with the customary mix of rigorous quantitative modelling and insightful analysis.
As we, once again, move from one year to the next, how do we assess the oil and gas. Is your organization prepared for the uncertainties, risks, and opportunities ahead. Since the 1980s, many oilproducing countries and oil companies operated from the assumption that the industrialized world would progressively use up its easy to access oil. The energy outlook plays an important role in helping to inform and shape our strategic decisionmaking in bp. The report explores how oil, natural gas and coal are adjusting to todays market conditions and assesses the risks that lie ahead, from underinvestment in essential supply to stranded assets. On the demand side, this years woo sees oil demand rise to 97.
The oil cartel released its world oil outlook last week, showing opec crude production falling to 29. John england what happened, what didnt, and hope for the future as we enter the final weeks of 2015, i am struck by what a unique year this was in the alwaysfascinating and dynamic world of oil and gas. During 20142016 global oil supply outpaced world oil demand growth, leading to excess supply in the market and a strong deterioration in oil. The woo 2016 once again provides opecs analysis and views of the medium and longterm out look, and marks the conclusion of a challenging twelve months. Opecs world oil outlook woo is part of the organizations commitment to market stability. The ieo2017 is the first ed ition of this report to include mo del results through 2050, which are available on the ieo page of the eia website. Global economic prospects july 2014 commodity markets outlook 2 on the upside, a key risk is an oil supply disruption in the gulf and less so central asia. In 2040, the combined total residential energy use of china and india is double their 2012 total and accounts for 27% of total world residential energy consumption.
World oil provides daily news, trends and data for the global upstream industry, including indepth coverage of deepwater, subsea, shale, exploration, drilling, well completion, unconventionals. This world bank group report is a product of the prospects group in the development economics vice presidency. Overlooking the global energy market 2 signs of change in the global energy trend chinas r ebalancing economic structure and strengthening environment policy, resulting in drops in coal demand for 2 years in a row. For ordering information and questions on other energy statistics available from eia, please contact eias office of. World energy outlook 2018 international energy agency. Supply prospects improved in recent months, on larger than earlier projected stocks at the. The world energy outlook series is a leading source of strategic insight on the future of energy and energyrelated emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices. In general the us methanol market came under significant pressure at the end of 2015. World oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and. Four largescale shifts in the global energy system set the scene for the world energy outlook 2017. The world banks commodity markets outlook is published quarterly, in january, april, july, and october.
Eia assumes that nonopec petroleum and other liquid fuels supply will. The annual world energy outlook is the international energy agencys flagship publication, widely recognised as the most authoritative source for global energy projections and analysis citation needed. World oil outlook 2015 organization of the petroleum exporting countries. Decreasing investment in upstream for 2 years in a row. In 2016, world cereal production is set to increase by 1. Weo2016 tracks progress with the implementation of the. Asiaworld energy outlook 2016 3 coal will be so indispensable in asia that cleaner ways to use it will be required to realistically address the climate change issue. Once demand peaked, prices dropped in the fall and winter. You cant just batten down the hatches and wait for the storm to pass. This privacy policy applies to personal information processed by opec. In may 1991, the first global economic prospects reportcalled global economic prospects and the developing countrieswas launched as a formal publication for wide dissemination.
The international energy outlook 2016 was prepared by the u. The weo2016 includes a particular focus on the following topical issues. African economic outlook 2016 algeria angola benin botswana burkina faso. In combination with a textual analysis the latest statistics are published. This years world oil outlook woo is the tenth edition of the publication, a significant milestone for opecs flagship publication.
Energy information administration international energy outlook 2016 world energy demand and economic outlook region. It should be noted, however, that the impact of the recent oil price decline on demand is most visible in the shortterm. The russian oil refining industry will undergo significant modernization but risks of gasoline deficits remain. The world economic outlook weo presents imf economists analyses of global economic developments, issues affecting advanced, emerging, and developing economies, and topics of current interest. A tentative price forecast for the coming months is included. Weo2016 looks at individual country pledges and examines how close or far nations are from reaching their goals.
The world energy outlook 2015 weo2015 will present updated projections for the evolution of the global energy system to 2040, based on the latest data and market developments, as well as detailed insights on the prospects for fossil fuels, renewables, the power sector and energy efficiency and analysis on trends in co2 emissions and fossil. From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. The oil world monthly provides a monthly overview about the bullish and bearish factors influencing the market. This growth was propelled by lower oil prices that encouraged transportation fuel demand, in addition to solid gains in the petrochemical sector in china, the us and the asiapacific. It represents the leading source citation needed for medium to longterm energy market projections, extensive statistics, analysis and advice for both governments and the energy business. For 2016, oil demand is anticipated to grow by around 1. Crude oil production statistics crude oil enerdata. The estimated impact of lower oil prices scenario box 2. In 1991, the outlook section of the world development report was converted into a standalone report. Ending the 18months reducing trend of oil prices and rebalancing supplydemand. Opecs world oil outlook and pivot to asia seeking alpha. Energy outlook downloads and archive energy economics bp. Download the latest edition of the bp energy outlook, supporting resources or our country and regional insight factsheets. Total world oil demand averaged 93 mbd in 2015 with, demand in the nonoecd area already ingexceed the levels of oecd during the year.
For many years the outlook for energy has helped inform exxonmobil s longterm business strategies, investment plans, and research programs. The report was managed by john baffes under the general guidance of ayhan kose and franziska ohnsorge. Ultimately, we are all part of the energy transition and the decisions all of us make today can shape the future for many years to come. Outlook for energy the outlook for energy is exxonmobil s latest view of energy demand and supply through 2040. By accessing this site, you accept that we process certain information you send e. Production of crude oil in the four key regions at the end of. Oil demand prospects in 2016 and 2017 remain robust, with growth forecast around 1. It was particularly affected by a slowdown in emerging markets. The outlook for organic agriculture catherine greene economic research service, usda. In addition to the global price of crude oil falling to a year low in january 2016 figure 1. Asian development outlook 2016 asias potential growth asian development outlook 2016 asias potential growth the annual asian development outlook analyzes economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in.
Downloads are a mix of pdf, excel, csv and powerpoint documents. In the april steo, eias 2020 global oil consumption forecast has. October 29, 2019 energy and metal commodity prices are expected to continue to fall in 2020, following sharp declines in 2019 of 15 and 5 percent, respectively, on a weaker outlook for global growth and consequently softer demand, the world bank said in its october commodity markets outlook. Oil prices outlook higher prices have been supported mainly by demand source. With big oil producers that are not members of the organization of petroleum exporting countries meeting this weekend after the socalled cartels much.